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05 November 2020 | Story Thabo Kessah | Photo Thabo Kessah
Prof Geofrey Mukwada says funding from the US Embassy and Consulates in South Africa will reinforce the ARU mandate.

The University of the Free State (UFS) will further strengthen its ties with the Appalachian State University in the next two academic years through a mountain-to-mountain research project funded by the US Embassy and Consulates in South Africa.

The R8 million project between the UFS and the US institution will cover the two master’s degree programmes in underdeveloped niche areas, meteorological weather stations, leadership capacity building for black women in academia, and doctoral research projects. Qwaqwa Campus departments that will be involved are Physics, Geography, Community Development, and the ARU.

Talking about this collaboration, the project leader, Prof Geofrey Mukwada, said it would bring together researchers from both the UFS and Appalachian State University and enable them to work together to develop what is currently an underdeveloped research niche, i.e. mountain studies. 

“This project will reinforce the mandate of the Afromontane Research Unit (ARU). It will provide the basis for a long-term development agenda through training and infrastructure development. For instance, the project will fund the implementation of two master’s degree programmes – the MSc in Mountain Environments and the MA in Community Development – which are long-term projects,” he said. 

“It will also support innovation in climate change research. Through this project, it will be possible to receive climate data from weather stations that are situated in distant, isolated, and generally inaccessible locations without travelling to those locations. We will be able to understand how the climate of the region is changing and assist in developing adaptation measures and decisions that are applicable to agriculture, water, tourism, environment, and other sectors. This will enhance the capacity of the ARU to contribute to the development of research in mountain environments,” he added. 

There will be a virtual launch of the project on Tuesday 10 November 2020 at 15:00 (CAT).

News Archive

Deputy Governor of SA Reserve Bank inspires students
2016-08-19

Description: Deputy Governor of SA Reserve Bank  Tags: Deputy Governor of SA Reserve Bank

Dr Lyndon du Plessis, Head of Department of Public
Administration and Management, Francois Groepe,
Deputy Governor of the South African Reserve Bank,
Prof Philippe Burger, Head of the
Department of Economics and B.Com Hons student,
Mosoeu Mabote.

Photo: Siobhan Canavan

Students from the Faculty of Economic and Management Sciences had the opportunity to learn from the best in the field when the Deputy Governor of the South African Reserve Bank, Francois Groepe, presented a seminar on the changing roles of central banks.

According to Groepe, we are currently living in challenging times as central banks are called on to do more.

“Central banks have limits, and these limits are not always understood,” he said on 11 August 2016 in the Equitas Auditorium on the Bloemfontein Campus.

How central banks contribute to inflation

There are two main generally-expected roles from central banks: the obvious one of providing bank notes and coins, and the other, maintaining price stability.

According to Groepe, the aim of keeping prices stable is to ensure easier planning for the future, and to assist the poor.

“The poor are the ones more vulnerable to higher inflation because they hardly have enough to get by,” he said.

A negative impact on monetary policies could affect the economy negatively. This is as a result of higher inflation caused by the increase in food prices.

Furthermore, the 12% government debt renders a negative yield in the economy.

The stability of finances in South Africa


Financial stability is not an end in itself, but, like price stability, is generally regarded as an important precondition for sustainable economic growth, development, and employment creation.

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